South China Sea

Lufax Holding's Subsidiary LUI HK Obtains Three Financial Business Licenses in Hong Kong

Retrieved on: 
Wednesday, June 24, 2020
Geography of China, Economy, Hong Kong, Pearl River Delta, South China, South China Sea, Finance, Financial technology, Lui, Bank of China, Draft:Visual Arts in Hong Kong

In addition, the LUI HK app, an online wealth management platform for Hong Kong residents, is expected to go live in August.

Key Points: 
  • In addition, the LUI HK app, an online wealth management platform for Hong Kong residents, is expected to go live in August.
  • Hong Kong ranks top among international financial markets for its sophisticated regulatory framework, open markets and diverse financial products.
  • As Hong Kong is one of the most strategically important financial centers in the world, LUI HK obtained the licenses to serve the wealth management market in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area.
  • With fintech and comprehensive online wealth management services, LUI HK offers Hong Kong retail customers a one-stop shop for Hong Kong dollar and US dollar investment and wealth management services.

Lufax Holding's Subsidiary LUI HK Obtains Three Financial Business Licenses in Hong Kong

Retrieved on: 
Tuesday, June 23, 2020
Election Committee, Businesspeople, Economy of Hong Kong, Hong Kong, Pearl River Delta, South China, South China Sea, Bank of China, Li Ka-shing

In addition, the LUI HK app, an online wealth management platform for Hong Kong residents, is expected to go live in August.

Key Points: 
  • In addition, the LUI HK app, an online wealth management platform for Hong Kong residents, is expected to go live in August.
  • As Hong Kong is one of the most strategically important financial centers in the world, LUI HK obtained the licenses to serve the wealth management market in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area.
  • After the launch of the LUI HK app, we will introduce more Hong Kong dollar and US dollar wealth management products.
  • With fintech and comprehensive online wealth management services, LUI HK offers Hong Kong retail customers a one-stop shop for Hong Kong dollar and US dollar investment and wealth management services.

Foreign Secretary makes statement on Hong Kong National Security Legislation and UK response

Retrieved on: 
Tuesday, June 2, 2020
Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Cities in China, Geography of Asia

On 22 May, during a meeting of the National People's Congress, China considered a proposal for a national security law for Hong Kong.

Key Points: 
  • On 22 May, during a meeting of the National People's Congress, China considered a proposal for a national security law for Hong Kong.
  • Foreign Secretary Dominic Raab began by updating the House on the situation in Hong Kong, saying Hong Kongs historic success was built on its autonomy, its freedoms and the remarkable resourcefulness and determination of its people.
  • On Thursday 28 May, the UK released a joint statement along with partners in Australia, Canada and the United States, expressing deep concerns over the proposed new security legislation.
  • The Shadow Foreign Secretary added: The first rule of any sanction against China must surely be that it doesnt harm the people of Hong Kong, so can he tell us what assessment hes made of the potential loss of millions of highly skilled people from Hong Kong?

Foreign Secretary makes statement on Hong Kong National Security Legislation and UK response

Retrieved on: 
Tuesday, June 2, 2020
Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Cities in China, Geography of Asia

On 22 May, during a meeting of the National People's Congress, China considered a proposal for a national security law for Hong Kong.

Key Points: 
  • On 22 May, during a meeting of the National People's Congress, China considered a proposal for a national security law for Hong Kong.
  • Foreign Secretary Dominic Raab began by updating the House on the situation in Hong Kong, saying Hong Kongs historic success was built on its autonomy, its freedoms and the remarkable resourcefulness and determination of its people.
  • On Thursday 28 May, the UK released a joint statement along with partners in Australia, Canada and the United States, expressing deep concerns over the proposed new security legislation.
  • The Shadow Foreign Secretary added: The first rule of any sanction against China must surely be that it doesnt harm the people of Hong Kong, so can he tell us what assessment hes made of the potential loss of millions of highly skilled people from Hong Kong?

NetEase Launches Hong Kong Initial Public Offering

Retrieved on: 
Monday, June 1, 2020
Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Geography of Asia, Cities in China

The Offering initially comprises 5,150,000new Shares under the Hong Kong Public Offeringand 166,330,000 newShares for the International Offering, representing approximately 3.0% and 97.0% of the total number of Shares in the Offering, respectively, subject to re-allocation and over-allotment.Subject to the level of any oversubscription in the Hong Kong Public Offering and pursuant to the clawback mechanism as described in the prospectus issued in Hong Kong, the total number of shares available under the Hong Kong Public Offering could be adjusted to up to a maximum of 20,580,000 new Shares, representing approximately 12.0% of the Offer Shares initially available under the Offering.In addition, the Company expects to grant the international underwritersan over-allotment option to purchase up to an additional 25,722,000 new Shares in the International Offering, representing not more than 15.0% of the Offer Shares initially available under the Offering.

Key Points: 
  • The Offering initially comprises 5,150,000new Shares under the Hong Kong Public Offeringand 166,330,000 newShares for the International Offering, representing approximately 3.0% and 97.0% of the total number of Shares in the Offering, respectively, subject to re-allocation and over-allotment.Subject to the level of any oversubscription in the Hong Kong Public Offering and pursuant to the clawback mechanism as described in the prospectus issued in Hong Kong, the total number of shares available under the Hong Kong Public Offering could be adjusted to up to a maximum of 20,580,000 new Shares, representing approximately 12.0% of the Offer Shares initially available under the Offering.In addition, the Company expects to grant the international underwritersan over-allotment option to purchase up to an additional 25,722,000 new Shares in the International Offering, representing not more than 15.0% of the Offer Shares initially available under the Offering.
  • NetEase has decided to adopt a fully electronic application process for the Hong Kong Public Offering, with no printed copies of prospectuses or application forms.
  • The Hong Kong Public Offering will commence at 9:00 a.m. on Tuesday, June 2, 2020 Hong Kong time and will close at 12:00 noon on Friday, June 5, 2020 Hong Kong time.
  • Potential applicants may call the enquiry hotline of Computershare Hong Kong Investor Services Limited if they have any question about making applications for the Hong Kong Offer Shares.

CLPS Incorporation Relocates Global Corporate Headquarters to Hong Kong; Establishes Another Milestone In Its Global Expansion Strategy

Retrieved on: 
Tuesday, May 19, 2020
Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Cities in China, Geography of Asia

HONG KONG, May 19, 2020 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced the relocation of its global corporate headquarters to Hong Kong to further expand its business as part of the implementation of its global expansion strategy.

Key Points: 
  • HONG KONG, May 19, 2020 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced the relocation of its global corporate headquarters to Hong Kong to further expand its business as part of the implementation of its global expansion strategy.
  • Thus, CLPS decided to relocate its global corporate headquarters to Hong Kong to reinforce its global expansion strategy and to achieve further business growth.
  • Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS, said, "The relocation of our global corporate headquarters to Hong Kong is an important milestone of the implementation of CLPS's global expansion strategy to streamline our international business development, client communication, and service delivery.
  • Facilitating the innovation and development of fintech in Hong Kong is only one of our strategic approaches to global expansion.

Naotsune Alliance to Open a New Office Location in Hong Kong

Retrieved on: 
Thursday, May 7, 2020
Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Geography of Asia, Cities in China

The new office is located in the Financial District of Hong Kong and will be opened for business in the next short space of time.

Key Points: 
  • The new office is located in the Financial District of Hong Kong and will be opened for business in the next short space of time.
  • Naotsune Alliance is a leader in the private equity sector that primarily guides itself according to client demand and expectations.
  • Naotsune Alliance office in Hong Kong will be comprised of a 21-strong team of market analysts and researchers, expert traders, management, legal, I.T.
  • Naotsune Alliance is a financial advisor for the world of business, a world in which community is key.

Impact of COVID-19 Outbreak on the Hong Kong Insurance Industry - ResearchAndMarkets.com

Retrieved on: 
Tuesday, May 5, 2020
Insurance, Professional services, Economy, Insurance industry, Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Insurance, Geography of Asia

The 'Insurance - Hong Kong: Coronavirus (COVID-19) Sector Impact' report provides a review of the key trends and evolving developments that shape the impact of the COVID-19 outbreak in the Hong Kong insurance industry.

Key Points: 
  • The 'Insurance - Hong Kong: Coronavirus (COVID-19) Sector Impact' report provides a review of the key trends and evolving developments that shape the impact of the COVID-19 outbreak in the Hong Kong insurance industry.
  • This report provides a snapshot of the impact on the Hong Kong insurance industry in light of the COVID-19 outbreak.
  • Impact of COVID-19 outbreak in the Hong Kong insurance industry.
  • It offers an impact analysis of the key categories due to the COVID-19 outbreak in the Hong Kong insurance industry, and market forecasts and revised forecasts to 2023.

Opportunities and Risks in Hong Kong's Cards & Payments Market to 2023 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 22, 2020
Professional services, Other Professional Services, Payment systems, Geography of China, Economy, Hong Kong, Pearl River Delta, South China, South China Sea, Money, Draft:Visual Arts in Hong Kong, Octopus card

The "Hong Kong Cards & Payments: Opportunities and Risks to 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Hong Kong Cards & Payments: Opportunities and Risks to 2023" report has been added to ResearchAndMarkets.com's offering.
  • This report provides detailed analysis of market trends in Hong Kong cards and payments industry.
  • This report provides top-level market analysis, information and insights into Hong Kong's cards and payments industry, including:
    Current and forecast values for each market in Hong Kong's cards and payments industry, including debit, credit, and charge cards.
  • Make strategic business decisions, using top-level historic and forecast market data, related to Hong Kong's cards and payments industry and each market within it.

New Law Firm Bowers Opens in Hong Kong; Experienced Team Offers Innovative Fixed-Fee Charging Structure, Eliminates Hourly Billing

Retrieved on: 
Wednesday, April 1, 2020
Geography of China, Hong Kong, Pearl River Delta, South China, South China Sea, Geography of Asia, Cities in China

HONG KONG, April 1, 2020 /PRNewswire/ --New, independent law firm Bowers, which will be branded bowers.law, today opened for business in Hong Kong.

Key Points: 
  • HONG KONG, April 1, 2020 /PRNewswire/ --New, independent law firm Bowers, which will be branded bowers.law, today opened for business in Hong Kong.
  • Founded by Hong Kong Solicitor Advocate Kevin Bowers, bowers.law will implement a new, value-based charging model for legal services.
  • The firm will eliminatetraditional hourly rate billing even for contentious dispute resolution legal work.
  • He specialises in commercial, insurance, employment and property dispute resolution as well as crisis management, fraud, and media law both in Hong Kong and internationally.